The penny is probably the most patriotic piece of money in America. Featuring a favorite president of many, the copper coin is as American as apple pie. Unfortunately, however, recent studies show that the penny is declining in use.
In his February 17 article on cnn.com, Robert Whaples of Wake Forest University calls for the elimination of the penny. He points out that, statistically speaking, pennies are not worth the time it takes to fumble for them. Nevertheless, businesses pay out more pennies than they receive, so the demand continues, even though once they get into the hands of people, they tend to just sit around and collect dust.
President Obama thinks he has the answer to this problem. He recently asked Congress to change the mix of metal that goes into each penny to try to lower the 2.4 cents it currently takes to mint one penny. Whaples, however, is skeptical. “The bottom line,” he said, “is that even if pennies could be created out of thin air, the cost of our time would outweigh the gains from using the penny.” Sad, but true.
Homeschooling is another integral part of America that was once considered to be not worth the “trouble” it caused. Unlike the penny, however, homeschooling is growing. According to a September 2011 infographic by Course Hero, homeschooling has exploded in the last 30 years, growing by a whopping 919%.
Homeschooling is also anything but useless. Years of experience have proven that homeschooling is a highly successful education method, and more and more parents are choosing it every year. The penny may be on its way out, but homeschooling isn’t going anywhere.
What do you think? (about the penny or homeschooling, or both!)